Vesting Schedule; Forfeiture. Restricted Token Units will vest in accordance with the vesting schedule set forth in the Notice of Grant. Upon the Liquidity Event Deadline, as defined in the Notice of Grant, RTUs that have not become Vested RTUs shall be forfeited at no cost to the Company and Participant will have no further rights thereunder.
Vesting Schedule; Forfeiture. This option will become exercisable (“vest”) as to % of the original number of Shares on the anniversary of the Grant Date and as to an additional % of the original number of Shares at the end of each successive -month period following the anniversary of the Grant Date until the anniversary of the Grant Date. The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under this Section 2, Section 3 hereof or the Plan. The Participant agrees not to engage in a Competitive Action (as defined below) from the date hereof through the first anniversary of the date of termination of the Participant’s employment with the Company. Notwithstanding any other provision of this agreement, if on or prior to exercise of this option with respect to any of the Shares, the Participant engages in a Competitive Action or enters into, or has entered into, an agreement (written, oral or otherwise) to engage in a Competitive Action, this option and all Shares issuable upon exercise of this option shall be immediately forfeited, and the Participant shall have no further rights with respect to such option or Shares. Notwithstanding any other provision of this agreement, in the event that the Participant engages in a Competitive Action or enters into, or has entered into, an agreement (written, oral or otherwise) to engage in a Competitive Action after exercise of this option with respect to any of the Shares, but on or prior to the first anniversary of the Participant’s termination of employment with the Company, this option, to the extent not exercised, shall be immediately forfeited, and the Participant shall have no further rights with respect to this option or any Shares subject to this option and the Participant shall pay to the Company, upon demand by the Company, an amount equal to (i) the value, as of each date of exercise of this option, of the number of Shares delivered to the Participant pursuant to such exercise and (ii) the value of all dividends, if any, paid to the Participant in respect of the Shares delivered to the Participant on such date of exercise. The Participant may satisfy the payment obligation to the Company of the portion due under (i) above by returning the Shares delivered to the Particip...
Vesting Schedule; Forfeiture. Participant shall vest in the Restricted Stock as follows, provided Participant remains in continuous service as a member of the Board until ______________. Except as otherwise provided herein, if Participant’s service on the Board terminates prior to ______________, the unvested shares of Restricted Stock shall be forfeited as of the date Participant’s service on the Board terminates.
Vesting Schedule; Forfeiture. Participant shall vest in the Restricted Stock as follows, provided Participant remains in continuous service as an employee of the Company or an Affiliate until the specified vesting date: [ ] Except as otherwise provided herein, if Participant’s employment with the Company and its Affiliates terminates prior to the [applicable] specified vesting date, the unvested shares of Restricted Stock shall be forfeited as of the date Participant’s employment terminates.
Vesting Schedule; Forfeiture. Participant shall vest in the Restricted Stock as follows, provided Participant remains in continuous service as an employee of the Company or an Affiliate through ______________, if and to the extent the Compensation Committee of the Board (the “Committee”) determines that the applicable performance attainment level set forth below has been satisfied during the Performance Period (defined below) (the determination date, the “Vesting Date”). Except as otherwise provided herein, if Participant’s continuous service as an employee of the Company and its Affiliates terminates prior to ____________, the unvested shares of Restricted Stock shall be forfeited as of the date Participant’s continuous service terminates.
Vesting Schedule; Forfeiture. The interest of Executive in the Performance-Based Stock Units shall vest as set forth in the Amendment with reference to the Consent. Subject to last sentence of Section 6 of the Amendment, if Executive ceases to be an employee of the Company for any reason, all Performance-Based Stock Units that have not yet vested shall be forfeited upon such termination of employment and Executive shall thereafter have no further rights or interest in such Performance-Based Stock Units. For avoidance of any doubt, the Company and the Executive confirm that in no event shall the maximum number of Performance-Based Stock Units or shares of the Company’s Common Stock issued pursuant to the terms of the Operative Documents exceed 390,000.
Vesting Schedule; Forfeiture. (a) The interest of Participant in the Stock Units shall vest as set forth below:
Vesting Schedule; Forfeiture. The interest of Executive in the Performance-Based Stock Units shall vest as set forth in the Amendment with reference to the Votes. If Executive ceases to be an employee of the Company for any reason, all Performance-Based Stock Units that have not yet vested shall be forfeited upon such termination of employment and Executive shall thereafter have no further rights or interest in such Performance-Based Stock Units.
Vesting Schedule; Forfeiture. Officer shall vest in the Restricted Stock as follows, provided Officer remains employed by the Company on the specified vesting date: [ ] anniversary of Effective Date [ ] shares [Insert other anniversaries as appropriate]
Vesting Schedule; Forfeiture. The RSUs shall vest on a time-based schedule in equal 6.25% increments every three months, ending on the fourth anniversary of the Grant Date (each such vesting date being referred to as a “Vesting Date”). In the event that the Recipient ceases to work for the Company (as an employee, officer or director thereof, or an advisor or consultant thereto), for any reason or no reason, with or without cause, prior to the final Vesting Date, vesting shall cease and the Recipient will forfeit all rights with respect to any RSUs that have not then vested. Notwithstanding anything to the contrary in this Section 2 or in Section 6, if the Recipient’s employment with the Company is terminated, then the RSUs shall be subject to any applicable, superseding vesting terms as set forth in the Executive Employment Agreement, dated January 21, 2008, between the Recipient and the Company, or any successor agreement thereto (the “Employment Agreement”), to the extent such Employment Agreement is then effective.
